"Watch for Market Dislocations" - Karl Denninger

To order the complete audio set from the Navigating the Politicized Economy Summit, available in CD and MP3 format, http://bit.ly/2012FallSummit

Shortly after the conclusion of the Casey Research/Sprott, Inc.
Navigating the Politicized Economy investor summit, Louis James sat down with Karl Denninger to discuss real estate's bottom and health care reform.

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  News & Politics

[Bond Collapse]

Mining shares are at historic lows. Karl must have skipped a sector.

[Joe11Blue]

Honestly, I think Karl needs to just stick to investing. His commentary on economics was highly irrational.

[Joe11Blue]

I was making over $35 and hour at entry level as a machinist in 2001. It's probably about the same now. Day traders will only make that much after decades of experience.

[gilver4sold]

True we are losing machining jobs to China etc. The question is why.

Chinese labor is a lot cheaper than American but that is not the main reason. The main reasons are over regulation and high taxes. After the dollar collapses the value we place on machinists in this country will skyrocket.

[ferrari4sale]

Machine shops are losing job to oversea. Company refuse to give raise to their employee. But in general we all fuck in the long run.

[gilver4sold]

A self employed machinist can make over $60/hr. More importantly how many stock brokers will loose their jobs in the next three years... VS how much will the demand for machinists skills will increase over the next three years.

[Keith Mann]

get a mic please

[quadcatfly]

ha. CNC machinist makes 20 bucks/h at best. A day trader or stock broker makes 300 bucks / h. Wanna choose your career?

[sazajac77z]

Excellent point, too bad he missed it. With inflation, gold goes up but only roughly matching the "dollar cost" of whatever you want to exchange it for. Except for one thing--stuff you've already "bought", but don't actually "own" yet, because you bought it on credit. So THAT'S what you spend your gold "profits" on, when the time comes. Pay off your loans. Therefore, borrow the cheap money now and buy gold with it.